Wholesale Real Estate
Encyclopedia
Wholesale real estate Most homes are purchased by individuals who go through a local real estate agent. A smaller percentage purchase a home that is offered for sale by the homeowner, without intervention of an agent.
A growing category is homes purchased from a wholesale home-seller. (This is not to be confused with wholesale companies that sell manufactured homes.
The sources of wholesale homes typically come in one of two categories: banks and lenders who are selling homes that they have been forced to foreclose on, and thus are selling below replacement cost, and investors that buy or finance bulk purchases of homes to get greater discounts, which they then pass along to their customers.
A growing category is homes purchased from a wholesale home-seller. (This is not to be confused with wholesale companies that sell manufactured homes.
The sources of wholesale homes typically come in one of two categories: banks and lenders who are selling homes that they have been forced to foreclose on, and thus are selling below replacement cost, and investors that buy or finance bulk purchases of homes to get greater discounts, which they then pass along to their customers.
See also
- Real estate brokerReal estate brokerA real estate broker, real estate agent or realtor is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy...
- FlippingFlippingFlipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling it for profit...
- United States housing bubbleUnited States housing bubbleThe United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of 2011. On December 30, 2008 the...
- Multiple Listing ServiceMultiple Listing ServiceA multiple listing service is a suite of services that enables real estate brokers to establish contractual offers of compensation , facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly...
(MLS) - Internet Data Exchange (IDX)Internet Data ExchangeAn Internet Data Exchange is a real estate property search site which allows the public to conduct searches of approved Multiple Listing Service properties in a certain area.Site users generally gain the benefit of anonymous property searching and review...
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